We've radically reduced our ballooning trade deficit which was the largest in world history. We were losing more than $1 trillion every single year. And it was just wasted. It was going to waste. But In one year I slashed our monthly trade deficit by a staggering 77%. And all of this with no inflation, something everyone said could not be done. There were a couple of brilliant people that actually thought I was doing the right thing. (09:52–09:58)
CLAIM
Asserts a significant reduction in the trade deficit.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
